Omaha’s philanthropic leaders plan for a future with fewer big-name foundations - Flatwater Free Press

Omaha’s philanthropic leaders plan for a future with fewer big-name foundations - Flatwater Free Press

The Scott Foundation, one of Omaha’s largest, originally planned to spend down its money 15 years after the future death of co-founder Ruth Scott.  But thanks to the performance of Berkshire Hathaway’s stock, it will likely take 20 years to spend down the money, said John Levy, president of the William and Ruth Scott Foundation. “Ruth Scott says money is like manure — it’s only good if you spread it,” Levy said.  His remarks came during the Flat…